Investment Goods A D Consumption Goods Which of the following statements concerning the above production possibilities model is correct? O A. if unemployment exists in the economy and can be decreased, the PPF would shift out. O B. a technological advance in the production of consumption goods could allow this economy to produce more investment goods as well. O C. point C lies outside the PPF because it is not a desired combination of consumption and investment goods. O D. point B is a more allocatively efficient choice than point D because investment goods will increase. nation's PPF in the future while consumption

Investment Goods A D Consumption Goods Which of the following statements concerning the above production possibilities model is correct? O A. if unemployment exists in the economy and can be decreased, the PPF would shift out. O B. a technological advance in the production of consumption goods could allow this economy to produce more investment goods as well. O C. point C lies outside the PPF because it is not a desired combination of consumption and investment goods. O D. point B is a more allocatively efficient choice than point D because investment goods will increase. nation's PPF in the future while consumption

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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